Feed Grains: Russian grain harvest estimate rises

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Published: August 28, 2017

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, August 28.
The International Grains Commission has raised its estimate of the Russia grain harvest to 124.5 million tonnes. That is up two million tonnes from the last estimate. Of that total, 80 million tonnes is made up of wheat. It comes at a time when the world harvest is expected to decline by four million tonnes.
Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$212 to C$225 per tonne range as of August 25, which was down five to seven dollars compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were roughly two dollars lower, at C$190 to C$197 per tonne in Lethbridge.

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Bids for feed wheat in Saskatchewan are hanging steady, according to the latest information from the Prairie Ag Hotwire. Prices are listed at C$3.85 to C$5.08 per bushel.
Prices for oats in Saskatchewan were down four cents last week, according to the Hotwire. Prices are listed at C$2.35 to C$3.14 per bushel.
Oat prices in North Dakota were down six cents to C$2.13 a bushel.
Corn finished one to two cents lower in technical trading. Some parts of the US Corn Belt are expected to receive rain due to Hurricane Harvey, which should help crops during the filling stage. Pro Farmer estimated the US corn yield at 167.1 bushels per acre.
The corn harvest in Argentina is roughly 90 percent complete, according to the Buenos Aires Cereal Exchange. The current estimate for total production is 39 million metric tonnes.

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